Trade Extensions Reports Higher Revenues, West Coast Ports Have Best Year Since Before Recession

Software provider Trade Extensions reported its revenue grew 26% in 2014. The company also doubled in size over the last 3 years.

Despite the contract negotiations plaguing the West Coast during the last 6 months, the ports of Los Angeles and Long Beach both had the third-busiest year on record in 2014. It was also the best year since before the Great Recession, with cargo volumes climbing to 15.2 million units.

Family Dollar shareholders agreed to accept a merger bid of $8.5 billion from Dollar Tree.

Toyota Motor Corp. plans to increase production of its hydrogen-powered car from 700 in 2015 to 3,000 in 2017. A boost in production of the Mirai is due to increasing demand, the automaker said.


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